Rights Issue of Rs 47.57 Cr gets BSE in-principle nod
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On the reaction day the stock moved 2.1 pts less than Nifty Microcap 250 and 2.8 pts less than its Other Food Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Saboo Sodium Chloro Limited has received in-principle approval from BSE for a proposed Rights Issue of partly paid-up equity shares worth Rs 47.57 crores. The approval was granted on June 23, 2026 under SEBI LODR rules. The company must now fix a record date with at least three working days advance notice and disclose the rights issue price at least three working days before the record date. The shares will be proposed for listing on BSE.
Existing shareholders will get an opportunity to subscribe to partly paid-up shares; non-participation may lead to dilution. Issue price awaited.